OR and Viresuwan Sign Agreement to Develop Sustainable Aviation Fuel and Biodiesel from Used Vegetable Oil

Hoonsmart

Published 2026-11-04

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Key summary

PTT Oil and Retail Business Co., Ltd. (OR) and Viresuwan Co., Ltd. have signed a memorandum of understanding to collaborate on the study and development of sustainable aviation fuel (Neat SAF) and biodiesel from used vegetable oil (UCOME), covering four main areas: knowledge exchange throughout the supply chain, feasibility studies for the procurement and distribution of low-carbon fuels, development of systems that comply with ISCC standards along with a traceability system, and expansion of greenhouse gas reduction projects for the aviation and shipping sectors to support the Net Zero 2050 goal.

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Business Insight — Publisher’s Perspective

The signing of this Memorandum of Understanding between PTT OR and Verasuvan Co., Ltd. may signal a growing strategic focus within Thailand's energy sector on developing sustainable aviation fuel (SAF) and biodiesel from used cooking oil. For businesses involved in manufacturing, exporting, or distributing fuels, this collaboration could indicate a potential shift toward aligning supply chains with International Sustainability and Carbon Certification (ISCC) standards, which might influence how low-carbon products are procured and distributed in the future. Companies operating in aviation or shipping sectors may need to consider whether their current operations or sourcing strategies could benefit from or require adaptation to support greenhouse gas reduction projects linked to these initiatives. However, since this is an MOU rather than a finalized commercial agreement or regulatory mandate, any specific business decisions regarding investment or operational changes should be evaluated cautiously, as the actual scope and timeline of implementation remain undefined at this stage.

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